http://news.yahoo.com/s/afp/20081110...gm:ack::*****:

 

Linky no worky....

 

Hi T123,
Our friend Yahoo says the article link is expired. What was it about?
Regards,
Alan

 

http://news.yahoo.com/s/afp/20081110...sautocompanygm


dont add smilies after links.... it messes up the codes

 

The fact that GM stock may hit zero dollars in trading

 

they should have took some notes from china/japan......


in all honesty.... the auto industry did this to themselves....

would you support a foreign company that creates jobs in you area or a u.s. company that sends your jobs to other countries....

 

Not to start anything, But I think that they couldnt afford what the unions wanted is a bigger part of it,,,,, Peace, Moosie

 

OH SURE BLAME THE UNIONS FOR THIS MESS

 

Well, you have to admit, they do have something to do with it. Frankly, the unions have taken a few good shots at the "Golden Goose". The main problem is that the Golden Goose has been pretty sick for the past years and was dying on its own due to poor management, years of poor build quality, bad designs, lousey dealers, and some downright laughable business decisions.

I feel bad for everyone who works for the big 3. These are tough times in Detroit. I took my four kids to the mall tonight (Lakeside) and more than half of the store spaces seemed vacant and you could have shot a gun off in the place without anyone noticing...and it is 7 weeks before Christmas.

Lets just hope that whatever emerges from this mess is "leaner and meaner" and can compete with the world. Detroit will survive, but it will never be the same.

 

Couldn't have anything to do with excessive management compensation? I haven't seen that slow down one bit in any American company yet. Look up the ratio of compensation for the management team verses the hourly worker. It might surprise, the distance is enormous. If times are hard and the rank and file take layoffs etc, shouldn't the management compensation roll back to compensate? It doesn't happen. They still go on like it's christmas in July. Until they [management] are in the same bread line as you they won't get it. By then it's too late for everyone concerned. One thing about it though that big stock option at zero dollars has a nice appeal to it doesn't it?

 

I blame the UAW's benefit packages 30 years ago that are now putting a non-profit burden on all the U.S. auto makers

 

http://forums.corvetteforum.com/c3-g...it-0-00-a.html

 

Personally I'm not blaming the unions. My father retired from GM as a union worker. I DO think the Unions had their useful days and they're behind us.

Doing away with the unions and allowing auto makers to hire more people at a somewhat less salary couldn't be all that bad. It could make employing americans attractive to the auto makers again.

OOH, and buying american made, made in america cars couldn't hurt either.

Either way, we're in for a bumpy ride with the auto makers. There are many hurdles for the entire country to get over before the country is prosperous again.

Just maybe it's time for the Unions to step aside and HELP the economy out..

Just my .02

 

The blame goes to poor management: poor Corporate management and poor Union management. Neither has done much in the last 30 years to benefit the CUSTOMERS. {was that loud enough?} The employees of a company don't provide any benefit when productivity doesn't increase when technology does...and that is exactly what the Unions forced on GM....not good. The greater fault is with the Corporate leaders who don't know what the public wants/needs, and don't really care, as long as they can find financial loopholes to give themselves BIG bonuses every year. Capitalism requires the investment be made in order to get a return; GM hasn't really invested in growing their company for the last 30 years...all they've done is "cut heads" and move manufacturing off-shore to cause the balance sheet to look more profitable. It all had to come crashing down, eventually.

 

Ahhhhh! Honesty!

 

you mean like toyota

i know my explorer was made in mexico and my buddies camaro was made in canada.

exactly what american name cars are actually made in america now a days

 

BINGO!

Hyundi, Honda & Mercedes all have plants in Alabama

 

THE BLAME FOR THIS MESS IS TO BE SHARED.
Management gave the unions everything they asked for because they feared a strike would hurt profits and their bonuses. Good short term disaster long term.

Unions took everything they could get and now they have killed the golden goose. It forced GM to built large SUV's because that was the only way they could make profits. The labor costs were too high to build a small car and price it where a profit could be made. The unions then took a low profile when the foreign manufacturers came to the US and cut special deals not available to Detriot.

The government gave tax breaks and incentives to foreign companies to built ASSEMBLY plants in the South. These plants assemble a car with mostly foreign made parts employing assenbly line workers and little else.

The foreign manufacturers for beating us at our own game. They built cars here so they can claim they were made in the USA. All of the parts are made overseas so they are not made in the USA only assembled here. Meanwhile they have yet to pay $1 in retirement pension or any taxes on those parts.

Lastly the American public for believing the hype that the foreign cars are of better quality than the Domestics. While that may have been true years ago it is far from true today.

The Big 3 builds world class quality cars. We need to look at them closely and try them. If we allow the domestic car industry to collapse this country is in for a rough ride. There are nearly 5 million people employed by the Big 3 and related industries and nearly 2 million who are collecting pensions from them. They are an intregal part of our economy.

 

But unfortunatley, 'card check' legislation will be passing soon - this removes the need for a secret ballot, and allows unions to conviently go to your home to have you sign your card, and after >50% of empoyees have signed, you have a union shop.

So, you should expect to see union membership skyrocket soon!

This was the major reason I voted the way I did recently. US productivity is going to tank, and jobs will disappear!

 

You can thank NAFTA for that! The great sucking sound of american jobs going elsewhere!

Funny, seems to me with all the jobs that are being cut by Ford, GM & Chrysler, something had to be getting built! OOH, that's why these jobs are being cut! The entire UAW workforce in Michigan and the rest of the United States, just sat around with their thumbs up their buts!!!! What were these people making???? I guess they were making toyotas, Hondas and Kia's in those GM, Ford and Chrysler factories!

That's it, there really isn't an american auto maker anymore. The former Big 3 just build other companies cars!! OOH, I now see it very clearly!

You can say what you want, but this entire situation started back in the 70's when we as americans stopped buying our own products. From there it just snowballed out of control.

Oh well, guess it's good my job doesn't depend on the UAW or the Auto industry....